Chevron, Amoco Production, CanWest Gas Supply, Aera Energy andRME Petroleum have called on FERC to stop Kern River GasTransmission from overselling delivery point rights at WheelerRidge into the Southern California Gas Co. distribution system. TheFirm Shippers said in comments filed this week that, in a situationstrangely similar to the recent El Paso capacity reallocation case,Kern River has oversold capacity at Wheeler Ridge, and its proposedexpansion project will only exacerbate the situation (DocketCP01-31).
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Industry Briefs
Chevron, the Royal Dutch/Shell Group and Schlumberger havebecome equal partners in a new Houston-based company, OpenSpiritCorp., which will offer a standardized software infrastructure forthe energy industry. The initial framework was funded by OpenSpiritAlliance, a three-year-old collaboration of exploration andproduction companies and software vendors that studies ways tobetter develop, deliver and use E&P applications. OpenSpiritCorp.’s vendor-neutral and platform-independent applicationframework is expected to be available before the end of the year.Neil Buckley, former president of U.S. operations for Merak, adivision of GeoQuest, will serve as CEO. More information isavailable at www.openspirit.com.
October 10, 2000
Occidental Grows Rights Near Elk Hills
Occidental Petroleum Corp. has purchased from Chevron deepexploration rights on 19,834 acres of land adjacent to its ElkHills holdings. Called the Buena Vista field, the Kern County, CA,property is seen by Oxy and some other producers as having hugepotential oil and gas reserves. Terms of the transaction were notdisclosed.
December 13, 1999
Occidental Grows Rights Near Elk Hills
Occidental Petroleum Corp. has purchased from Chevron deepexploration rights on 19,834 acres of land adjacent to its ElkHills holdings. Called the Buena Vista field, the Kern County, CA,property is seen by Oxy and some other producers as having hugepotential oil and gas reserves. Terms of the transaction were notdisclosed.
December 10, 1999
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